35.1k views
2 votes
Lori gets an offer from another bank that is also paying 6% on CD’s, but is compounding interest daily. How much will the CD be worth in 10 years?

User Phatduckk
by
7.8k points

1 Answer

3 votes

Answer:

you have to include how much the cd is worth first

Explanation:

you would do

cd price x 1.6 (to the power of 10)

User Enagra
by
6.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories